Riyadh – Sharikat Mubasher: Pinnacle Capital announced that Pinnacle Growth & Secondary Fund has made an additional investment in Saudi alternative accommodation platform Gathern, increasing its ownership in the company and strengthening its position as a regional technology investor.
The investment reflects Pinnacle’s strategy of pursuing secondary investment opportunities in established technology companies across the region. Pinnacle said in an announcement on LinkedIn that the move was supported by Gathern’s operational performance, expanding market presence, and potential path toward a future public listing.
Gathern has established a strong presence in Saudi Arabia’s hospitality and alternative accommodation sector, as demand for flexible accommodation options continues to grow across the Kingdom.
The additional investment will support Gathern as it enters its next phase of growth and continues expanding its position in Saudi Arabia’s alternative accommodation market.
Pinnacle said the investment underscores its confidence in Gathern’s growth prospects while advancing its focus on high-quality secondary opportunities in leading regional technology companies.
